Premier Community Bank
 

 

Premier Community Bank

Strategic planning for their future.

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Premier Community Bank

Situation
 
Providing financial solutions for life is the mission behind Premier Community Bank in Marion, Wisconsin, a full-service financial service provider with eight locations throughout Wisconsin. Not altogether satisfied with the retrospective advice it found to be commonplace among most accounting firms, the bank searched for a more forward-thinking partnership to help facilitate its annual strategic planning process.

Strategy
 
Wipfli provided Premier Community Bank with objective, hands-on business consulting to help the bank make prudent decisions that would better shape its long-term success. The firm participated in the bank’s annual strategic planning meetings and collected the opinions, values, insights, and judgments of the bank’s board. With an understanding of the institution’s objectives, culture, and values and a keen knowledge of the industry, Wipfli provided a realistic evaluation of key strategic business opportunities and was able to offer solutions that fit their institution. The firm presented a perspective that clearly outlined the pros and cons of various opportunities, along with the financial impacts the bank’s decisions would have.

Benefits
 
As a result of Wipfli’s strategic-planning involvement, Premier Community Bank elected to pursue a change to its tax structure and reap the benefits of an S corporation. Another outcome is the confidence demonstrated by the institution’s leadership in its ongoing decision-making processes. Overall, business decisions have been further enhanced by stronger communications, which the bank feels has been critical to both its internal and external relationships.

Relationship Executive
 
Mark Koehl, Partner   |   Full Profile